Chapter 890 Watch Him Build a Tall Building

Entering June, the news about Yin Jun's B-type land exchange rights certificate was not the news that most attracted the attention of Xiangjiang people.

Relevant people in the real estate industry in Hong Kong, as well as a lot of melon-eating people, are most concerned about the bidding conference for property development rights on the Hong Kong Island Line subway.

From registration to screening at the beginning of the year, the results will be available in June.

As the most prosperous area in Hong Kong, the subway that runs across Hong Kong Island is naturally the most important subway in Hong Kong.

It is no exaggeration to say that this subway line is the golden line of Xiangjiang. Every exit is like a cornucopia. It is recognized as a place that can definitely bring prosperity to the city center.

Such a large piece of fat has certainly attracted the attention of almost all real estate developers in Xiangjiang.

By now, the situation is basically clear.

On the one hand, Land Group is acting alone.

The second force is the alliance between Swire Group and Wheelock.

The final force is basically the Chinese businessmen joining forces. Hang Lung, New World Development, Sino Properties, Liao Chuang Hing Enterprises, Chinachem Group, Gloria Hotels...etc., under the leadership of Hang Lung Group, three major consortiums have been formed, each targeting Bid for the property development rights above the subway that you want.

Important newspapers in Xiangjiang devote a lot of space to analyzing the status, advantages and disadvantages of these consortiums every day. Everyone reads it with gusto, just like reading a good storybook.

Most professionals and reporters speculate that this time it will be evenly divided between British and Chinese capital.

After all, the last time the Land Group was careless and lost Jingzhou, they lost miserably. This time they have experience and will definitely not take it lightly.

Swire Group and Wheelock are also strong and have very good relations with the Hong Kong government, so their chances are not small.

The biggest opportunity naturally appears in the three major consortiums organized by Hang Lung Group. These consortiums include almost 80% of Chinese real estate companies. Except for Li Chaoren's Cheung Kong Holdings and the Guo family's Sun Hung Kai, almost all of them can be named. All famous real estate companies have entered it. This time they vowed to learn from Li Chaoren's last time, swallowing the sweetest cake, and also to clear the name of Chinese businessmen, completely defeat the British, and then enter the mainstream of Hong Kong business.

But there is one thing that many people have not discovered, that is, there is a real estate company with great development potential. Li Zhaoji, one of the original three Musketeers of Hongji, and his Henderson Land Development Company did not participate.

I don’t know whether it is because he is not strong enough or because he is not optimistic about the real estate market in Xiangjiang at all. Anyway, he did not come to participate, but was actively preparing for the listing of his own Henderson Land Development.

Listing on the market at this time when Xiangjiang real estate is at its most prosperous is a great help to his company.

Listing will help Henderson Land obtain a large amount of funds, thereby accelerating development.

The result of the facts is similar to what everyone imagined. The Hong Kong government announced the bidding results, and Chinese capital achieved the greatest victory.

Three major Chinese-owned consortiums, under the leadership of Hang Lung, acquired the property development rights above nine subway stations on the Island Line of the MTR in one fell swoop.

As soon as the news came out, it caused a sensation throughout Hong Kong.

However, the success of the three major Chinese-funded consortiums this time was not due to the fact that the British-funded consortium took it too lightly, but because they offered an unimaginably high price to snatch the food from the tiger's mouth and forcefully squeezed the British-funded consortium out of the boat. Obtained the development rights of 5 remote subway properties.

For example, for the property built above the Admiralty Section 2 subway station, the Chinese-owned consortium reported a compensation land price of HK$1.8 billion to the government to the subway company, which directly set the highest price since the opening of Hong Kong.

1.8 billion Hong Kong dollars!

Three years ago, Li Chaoren's Admiralty Admiralty Center property, two buildings were sold for a total price of only HK$980 million! !

After compensating the land price, giving profits to the subway company, and making tens of millions of small profits, the total price was only 980 million Hong Kong dollars! ! !

Now three years later, the land price you compensated the government alone is 1.8 billion, which is almost twice the selling price!

What a crazy real estate market it must be to produce such abnormal sky-high prices! ?

But Hang Lung Group is different.

Admiralty is originally the center of Xiangjiang Center, and it is more powerful than Central.

There are many government agencies here in Admiralty. To the west is the Central banking area, to the east is the high-end Wan Chai business district, and to the south is Victoria Peak. Below Victoria Peak, there are mid- to high-end residences everywhere, and the spending power is extremely high. powerful.

According to Heng Lung's calculations, if the current increase is followed, the land price alone will rise to 3.6 billion in a short time, at most two years, which means doubling.

They are thinking, look, I bought the land, and before the subway was completed, the price of my land doubled, which is equivalent to me making 1.8 billion in vain without doing anything!

You also say that 1.8 billion is too expensive and not cost-effective?

how can that be possible! ?

All right.

According to their algorithm, this is really the case.

But the biggest prerequisite is that Xiangjiang's real estate must continue to be so crazy.

But, is this possible?

In which country and region can real estate double or triple in one year and continue for another three to five years?

Tell me, I must go see the lunatics filling the streets and the city!

Of course, regardless of whether others believe it or not, Hang Lung Group believed it anyway, so they invested huge sums of money.

Their overall development plan is very ambitious. They plan to build 9 commercial buildings with no less than 50 floors and 12,000 high-end residential units on these 9 subways. The total floor area exceeds 9 million square feet.

The construction cost is expected to be as high as HK$8.5 billion, but according to their estimates, the total sales revenue will be as high as HK$22 billion, of which the Hang Lung Group, as the leader, will make an unprecedented profit of HK$4.5 billion!

All right.

So a group of people from Hang Lung Group got excited, and their feelings immediately exploded.

It is not surprising that Chen Zhengxi appears frequently in various news media. His young boss Chen Qizong is also exposed frequently and is interviewed constantly. His proud figure is seen in news magazines all day long.

If Yin Jun hadn't been there in Xiangjiang, I'm afraid the unscrupulous reporters would have long praised him as the number one among the young generation in Xiangjiang.

But it's not without trouble.

The reporter from "Pear News" specifically blocked his interview.

Reporter: "Master Chen, people say you are the most general-like young entrepreneur in Hong Kong. What do you think?"

Chen Qizong smiled and said: "I'm not as good as everyone says. I still have a lot to work hard on. I want to learn more from the seniors!"

"But don't you think they don't like to create conflicts?" The reporter looked innocent. "In front of you, there is Young Master Yin Junjun. The family business he created at the age of 19 was not created by you at the age of 40. Could it be that Do you think you should be ahead of him?"

Chen Qizong's face suddenly turned black.

He glared at the reporter and resisted the urge to punch him. He gritted his teeth and said, "Mr. Yin is also an entrepreneur I respect very much, but that doesn't mean I think I'm worse than him. The years are still long. The outcome is still uncertain! Also, I am 32 years old this year, not 40 years old!!"

"Jun Shao acquired a Hollywood company worth 4 billion U.S. dollars, and it was all so low-key. You just assisted your father to bid for the property on the subway, and you are so high-profile. What kind of mentality is this?"

After hearing what the reporter said, Chen Qizong finally confirmed that this guy was here to fight!

But he didn't dare to hit the reporter, so he could only hold back a breath, turn around and leave.

There is nothing he can do if he doesn't leave. Should he just stand there and wait for reporters to humiliate him?

Or couldn't help but beat him up?

In this case, you will definitely be the one who suffers in the end!

Yin Jun!

You bastard! !

I will never let you go! ! !

Young Master Chen, who has been proud of his recent success, roared in his heart with gritted teeth.

…

Yin Jun, who was being talked about by Chen Qizong, happened to be talking about their family affairs at this time.

"Hang Lung Group, through its great success in Ngau Tau Kok, felt that it had capital and could command the masses. But they ignored many situations, especially subjective social and economic development! Back then, Mr. Li, you made a thunderous move and the greatest success was The reason is that the timing is the best." Yin Jun said eloquently, "In 1977, it was the year when Hong Kong's economy began to recover. Prices in all walks of life had not yet increased. By the time you started to build the properties above the subway, it happened to be It caught up with the wave of price increases. The second reason was that the subway was still a new thing in Hong Kong at that time. Other consortiums did not know enough about the importance of the subway, and the powerful British consortium was too arrogant. Let you come out on top.

But what about now? Real estate in Xiangjiang has been rising sharply for more than three years. Compared with the price three years ago, it has increased by at least 150%! Even if prices continue to rise, time is running out. In a year or two at most, real estate will turn around and repeat the mistakes of 1973 and 1974. Under such circumstances, they are still happily looking forward to the boom in the real estate market in Xiangjiang. Are they too naive, or are their brains filled with money and not enough? "

Li Chaoren, who was sitting next to Yin Jun, listened to Yin Jun's words with a smile.

But in his heart, he was horrified.

Now everyone knows that the real estate market in Xiangjiang is extremely hot, and we don’t know when this bubble will burst.

But everyone hopes that this moment of disillusionment will come later, and no one wants to think about what to do when that day comes.

Only Yin Jun has been making calm and cold judgments since last year. The collapse of Xiangjiang real estate has been just like this for a year or two, and he is determined not to get involved in any real estate-related development.

If Shao Yifu hadn't forced him to get a building, Yin Jun wouldn't have wanted it at all.

When Hang Lung Group formed a consortium before, they came to see Li Chaoren. Li Chaoren was a little worried, so he asked Yin Jun. At that time, Yin Jun gave an "unsound" and "unreliable" answer.

Therefore, in order to ensure the safety of the period, Li Chaoren did not join, but concentrated on his own work of organizing Hutchison Whampoa.

Hutchison Whampoa is so big, and its various resources and wealth are so abundant.

The more Li Chaoren sorts out Hutchison Whampoa, the more fortunate he is that with Shen Bi's support, he has obtained such a treasure trove, a huge treasure trove!

It is precisely because he knows that Hutchison Whampoa has unlimited future development that Li Chao doesn't feel too disappointed that he missed out on the property above the Hong Kong Island Line subway.

Now when the whole of Xiangjiang is praising the Chinese consortium for their good work, Yin Jun judges their fate as if they are pronouncing a sentence. This completely different reaction, if Yin Jun is not a madman, then he is really a genius.

Is Yin Jun crazy?

of course not.

But will his judgment be correct?

This will take time to test.

No matter how the property development above the subway goes this time, I am not involved anyway, so just watch it unfold with a smile!

…

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